Singapore’s crypto crowd is shifting its focus beyond Bitcoin. Interest in XRP has climbed as more traders add the token to their portfolios. The change comes even as Bitcoin remains the top holding.

Crypto Awareness At Record High

According to the 2025 Independent Reserve Crypto Index for Singapore, 94% of locals are familiar with at least one cryptocurrency. That’s a big jump from previous years.

Bitcoin still leads the pack—91% know it by name. And it makes up 68% of the average investor’s crypto stash. Yet the fact that almost everyone can name a digital coin shows that Singapore’s trading scene is maturing.

Singaporean Investors are increasing their XRP holdings. https://t.co/ydq9PGwmXj pic.twitter.com/aK9H85ZVwb

— SMQKE (@SMQKEDQG) May 22, 2025

XRP Ownership On The Rise

Based on reports from Milieu Insight Market Research, XRP saw one of the strongest gains among altcoins. It now represents 17% of crypto holdings in Singapore, up from 14% last year.

Ethereum grew even more, climbing from 41% to 48%. Solana ticked up from 17% to 19%, while Dogecoin rose only 1 point, from 18% to 19%. Still, XRP’s 3-point boost hints at growing trust in its payment-focused design.

Monthly Investments Varied Widely

Investors in Singapore are not all spending the same amount each month. About 57% put in less than $500. Another 29% contribute between $500 and $1,000. Only 10% dedicate more than $1,000 each month to steadier “dollar-cost averaging.” Those figures suggest that most people treat crypto as a side play rather than a full-time career.

Stablecoin Trends And RLUSD

Stablecoins are also part of the mix. Roughly 46% of respondents said they own—or once owned—these US-pegged assets. Of that group, 21% hold them now, while 25% have moved on. Eighty-three percent prefer USD-pegged coins.

In that context, Ripple’s new RLUSD has reached a $310 million market cap in just a few months. Ripple’s APAC managing director, Fiona Murray, said the coin is not just for trading but also for cross-border payments and DeFi work.

Singapore’s data echoes trends elsewhere. A Bitso report found that Latin American buyers favored XRP over Ethereum and Solana in 2024. With XRP adoption growing both regionally and in APAC, its role could shift from an afterthought to a core part of retail and institutional strategies.

For now, Bitcoin’s dominance remains solid. Still, altcoin allocations are climbing—and XRP is leading that charge.

Featured image from Pexels, chart from TradingView

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Filed under: Bitcoin - @ May 25, 2025 12:30 am